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Fly News Breaks for April 15, 2019
SSNLF, ASML
Apr 15, 2019 | 08:52 EDT
RBC Capital analyst Mitch Steves raised his price target on ASML (ASML) to $225 and kept his Outperform rating ahead of its March quarter earnings. The analyst expects the results to be "largely in-line" but also contain bullish commentary for the second half of 2019, which he sees as a "focal point given investor focus on Extreme UltraViolet, or EUV, ramps" to finish this year. Steves adds that he is positive on the EUV demand debate, with his checks suggesting that the 5nm products are "tracking to plan". The analyst further points to "recent news articles suggesting that Samsung (SSNLF) is ramping up EUV-related CapEx."
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